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Section 5 – Statement of Comprehensive Income and Income Statement |
Ref |
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1. |
The profit and loss must be presented in a format as permitted by applicable Company Law |
5.4 |
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2. |
In addition an entity shall include, in the statement of comprehensive income, line items that present the following amounts for the period: a) Classified by nature (excluding amounts in (b)), the components of other comprehensive income recognised as part of total comprehensive income outside profit or loss as permitted or required by this FRS. An entity may present the components of other comprehensive income either: i. net of related tax effects; or ii. before the related tax effects with one amount shown for the aggregate amount of income tax relating to those components. b) Its share of the other comprehensive income of associates and jointly controlled entities accounted for by the equity method; and c) Total comprehensive income. |
5.5A |
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3. |
An entity shall present the following items as allocations of profit or loss and other comprehensive income in the statement of comprehensive income for the period: a) Profit or loss for the period attributable to: i. non-controlling interest; and ii. owners of the parent. b) Total comprehensive income for the period attributable to: i. non-controlling interest; and ii. owners of the parent. |
5.6 |
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4. |
If an entity presents profit or loss in an income statement, it shall present the profit or loss for the period attributable to: a) non-controlling interest; and b) owners of the parent. |
5.7B |
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5. |
An entity shall also disclose on the face of the income statement (or statement of comprehensive income if presented) an amount comprising the total of: a) the post-tax profit or loss of discontinued operations; and b) the post-tax gain or loss attributable to the impairment or on the disposal of the assets or disposal group(s) constituting discontinued operations. A line by line analysis shall be presented in the income statement (or statement of comprehensive income if presented), in a column identified as relating to discontinued operations, i.e. separately from continuing operations; a total column shall also be presented. |
5.7E |
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6. |
An entity shall re-present the disclosures in paragraph 5.7D for prior periods presented in the financial statements so that the disclosures relate to all operations that have been discontinued by the end of the reporting period for the latest period presented. |
5.7F |
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7. |
When items included in total comprehensive income are material, an entity shall disclose their nature and amount separately, in the statement of comprehensive income (and in the income statement, if presented) or in the notes. |
5.9A |
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8. |
Extraordinary items are material items possessing a high degree of abnormality which arise from events or transactions that fall outside the ordinary activities of the reporting entity and which are not expected to recur. The additional line items required to be presented by paragraph 5.9 and material items required to be disclosed by paragraph 5.9A, are not extraordinary items when they arise from the ordinary activities of the entity. Extraordinary items do not include prior period items merely because they relate to a prior period. |
5.10B |
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